When I think about excessive pay and compensation to executives, Angelo R. Mozilo, founder of Countrywide Financial, comes to mind. Angelo may be the most egregious offender of the whole sub-prime debacle. Angelo should be the poster boy of corporate greed and misconduct, in my opinion. After he sold Countrywide to Bank of America, he walked away from Countrywide with nearly half a billion dollars. And due to some high-powered legal wrangling he was able to settle all charges of wrongdoing against him for 68 million. I suppose this left him plenty to flee the county, have plastic surgery, and create a new identity. Anyway, Angelo is riding high now; living lavishly in some remote third world nation, where the locals are unaware of his dealings in ”sub-prime mortgages” and know him as Andy – I think.
David Helmericks
